How to Buy Wrapped Bitcoin (WBTC) in Taiwan

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Taiwan

Step 1 – Join Kraken

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate Wrapped Bitcoin (WBTC)

As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can commence invest and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we have marked this too. Click on “WBTC/BTC” to advance.

Step 4 – Purchase (WBTC) Wrapped Bitcoin

After you have discovered Wrapped Bitcoin (WBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to create our Limit Order.

The “Price” field will be filled with the recent rate Wrapped Bitcoin (WBTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of WBTC you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of WBTC.

When you're satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Vendor sells their WBTC for the price you offered.

Step 5 – Withdraw (WBTC) Wrapped Bitcoin

Unless you are trading, best advise is not to keep your coins on an Exchange for an longer time period. To withdraw your Wrapped Bitcoin (WBTC), go to the tab called “Funds” and mouse click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the volumen of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully purchased and safed (WBTC) Wrapped Bitcoin in Taiwan.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (WBTC) Wrapped Bitcoin is stored in your wallet, you are all done.